Savings

Bond Market Illiquidity Creates Systemic Credit Risk

Published by Laurent Maurel | Sep 14, 2022 | 12444

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very import...

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Euro-Inflation Downward Spiral Sets In

Published by Philippe Herlin | Aug 18, 2022 | 21826

Government officials speak of a "peak" in inflation... But inflation is here to stay, because its causes are still present: the money printing of central banks to finance budget deficits, the energy transition which increases the price of electricity, the ill-considered sanctions taken against Ru...

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France Issues Toxic Loans to Embellish its Debt

Published by Philippe Herlin | Aug 4, 2022 | 24427

Without these OATi and OAT€i, the French debt rate would be at or above that of Italy. But the explosion of the cost of this indexed debt will make this subterfuge less and less tenable... Inflation-indexed bonds may not hide the misery much longer. France's debt will soon be watched with concern...

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